evolvus nach npci
Post on 21-May-2015
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NACH
www.evolvussolutions.com
National Automated Clearing House
NACH
• Bulk credit transactions– Dividends, Subsidies, Salary, Interest, Pension
• Bulk debit transactions– Utility, Premiums, Loans, Investments
• Replaces ECS– Mandates in days instead of weeks– Uniform practices across country
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute2
www.evolvussolutions.com
NECS
Local ECS
NACH
NACH
• Originator– Offline registration
• Mandate– ISO 20022– Image files
• Payment– ECS compatible formats– AADHAR based payment formats– ISO 20022 formats
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute3
www.evolvussolutions.com
Mandate Registration Workflow
CustomerService Provider
Customer submit Mandate Registration, Amendment, Cancellation
Service Provider sends all the mandates to his Bank for processing
Bank process and sends mandate to NPCI
NPCI validates mandate, Generates UMRN and sends it to Payee Bank
Bank (optionally )informs the customer about the mandate request status
Bank validates the mandate and sends confirmations to NPCI
NPCI sends the mandate confirmation to the sponsor bank
Bank sends mandate status report back to the service provider
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2
34
6 7
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Payee Bank Sponsor Bank
5
6
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute4
www.evolvussolutions.com
Direct Credit Workflow
CustomerService Provider
Service Provider informs customer about Credit
Service Provider sends credit file to his Bank for processing
Bank process and sends file to NPCI
NPCI passes the Credit request to Payee Banks
Bank (optionally )informs the customer about the credit
Payee Bank credits the accounts and sends confirmations to NPCI
NPCI sends the payment confirmation to the sponsor bank
Bank sends payments status report back to the service provider
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2
34
6 7
8
Payee Bank Sponsor Bank
5
6
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute5
www.evolvussolutions.com
Direct Debit Workflow
CustomerService Provider
Service Provider submits bills to the customer
Service Provider sends collections file to his Bank for processing
Bank process and sends file to NPCI
NPCI validates collections against mandates and passes to Payee Banks
Bank (optionally )informs the customer about the collection request
Payee Bank debits the accounts and sends confirmations to NPCI
NPCI sends the payment confirmation to the sponsor bank
Bank sends payments status report back to the service provider
1
2
34
6 7
8
Payee Bank Sponsor Bank
5
6
Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute6
www.evolvussolutions.com
7 Evolvus Solutions. Proprietary and Confidential, do not copy, duplicate or distribute.
About Evolvuswww.evolvussolutions.com
Risk Management, Payment and Business Process Automation
Flux: Image and Non-Image based Payment hub supporting NACH, UAEDDS, RTGS/NEFT and extending to SWIFT, SEPA compliance. Al Ethihad Credit Reporting.
COMBAT: Risk management framework for Fraud Detection, AML, KYC Screening, Payment Filtering, IP Scanning, Case Mgmt and Regulatory Reporting.
Mantle: Unwired Banking (TM) - Mobile/Tab Banking
Solutions: Data Migration and transformation, Testing, Verification & Validation, Consulting
Solutions company focused on Risk, Payments and Process automation in Banking.
Focus in Africa, Asia Pacific, Middle East & Europe
World HQ in Bangalore, India
75+ banking technology professionals
The Right PartnerOffering & Expertise Key Customers
Thank You
www.evolvussolutions.com
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